Q2 Central Banks, Gold, Commodity Hedging, Airlines and Pandemic
Welcome to a bumper June 2020 edition which unsurprisingly is dominated by perspectives on the global Covid-19 pandemic shock.
This edition takes a look at the UK and global outlook for feed and food, and there is an in-depth report on the UK flour milling sector. What lessons could be drawn from the post WWI ‘Spanish Flu’ pandemic? We take a look at April’s oil futures price collapse, and how lockdown has prompted shifts in energy demand, with differing consequences for coal, gas and renewable sectors. Gold has naturally seen flight to quality demand, but a low inflation and near zero interest rate environment should continue to provide support. Our colleagues from ADM Protexin look at the evolution of research into the human microbiome into a billion dollar industry, and its applications in clinical terms, as well as the ethical and regulatory considerations.
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